Targa Resources Corp [TRGP] stock prices are up 0.40% to $210.29 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TRGP shares have gain 3.50% over the last week, with a monthly amount drifted -2.52%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $115 on March 02, 2023. Citigroup initiated its recommendation with a Buy and recommended $95 as its price target on December 09, 2022.
The stock price of Targa Resources Corp [TRGP] has been fluctuating between $95.28 and $218.51 over the past year. Currently, Wall Street analysts expect the stock to reach $189.83 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $210.29 at the most recent close of the market. An investor can expect a potential drop of -9.73% based on the average TRGP price forecast.
Analyzing the TRGP fundamentals
The Targa Resources Corp [NYSE:TRGP] reported sales of 16.33B for trailing twelve months, representing a surge of 0.12%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.48 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 208.58 points at the first support level, and at 206.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 211.93, and for the 2nd resistance point, it is at 213.58.
Ratios To Look Out For
It’s worth pointing out that Targa Resources Corp [NYSE:TRGP]’s Current Ratio is 0.77. Also, the Quick Ratio is 0.61, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.81, the price to book ratio is 17.84 and price to earnings (TTM) ratio is 37.89.
Transactions by insiders
Recent insider trading involved Muraro Robert, Chief Commercial Officer, that happened on Dec 02 ’24 when 2500.0 shares were sold. Officer, Muraro Robert completed a deal on Dec 02 ’24 to buy 2500.0 shares. Meanwhile, Senior VP and CAO Boushka Julie H. sold 10000.0 shares on Nov 15 ’24.
